Cochin SEZ exports rise record 705% in April 2018

05-Jun-2018

Cochin SEZ exports rise record 705% in April 2018

Merchandise exports from the Cochin special economic zone (CSEZ) have shown a remarkable 705% year-on-year increase during April 2018, while the total exports from all special economic zones for the month grew by 5% . “The highest growth has been from Cochin SEZ with 705% increase to Rs 3,708 crore from Rs 461 crore of April 2017. Total exports in April this year from SEZs amounted to Rs 20,548 crore as against Rs 19,488 crore in April 2017,” Vinay Sharma, officiating Chairman of Export Promotion Council for EOUs & SEZs (EPCES), said.

Gem and jewellery exports from the six units of CSEZ have been driving the record performance with nearly 90% of the share, he said, and added that the new Government policies have resulted to a healthy growth road map for the manufacturing and services industries. Data provided by the EPCES shows that exports from CSEZ has also registered a huge spike in March 2018, with a 730% year-on-year increase at Rs 3,699 crore. For FY18, merchandise exports from CSEZ have grown by 111 % to touch Rs 27,762 crore from Rs 13,164 crore in the previous fiscal. The total merchandise export from SEZs clocked Rs 2,73,487 crore during 2017-18 as against Rs 2,30,797 crore in the preceding year.